California's regulatory scheme under Proposition 103 that make the state a national model. This keeps cheap California auto insurance available to all.
California is the only state to:
1. Require that a person's driving record be the most important factor in determining auto insurance rates.
2. Fund consumer participation in the ratemaking process if they make a substantial contribution.
3. Completely repeal its antitrust exemption for auto insurers
4. California is also one of only three states to prohibit credit scoring as a factor in setting cheap auto insurance rates.
5. California is also among eleven states with the strongest seat belt laws.
6. It is one of only four states to guarantee cheap auto insurance to a good driver from the driver's insurer of choice.
7. It requires insurers to be clear about how cheap California auto insurance rates are developed.
8. It will stop companies from passing on excessive costs including unjustifiable expenses, fines, and excessive executive salaries.
9. And California set the standards to test the assumptions insurers make in setting auto insurance rates.
California's Proposition 103 has been an massive success from both a consumer and an industry perspective. Cheap California auto insurance is available to most drivers.
Wednesday, 20 May 2009
California Auto Insurance The Best
Cheap California Auto Insurance is not hard to come by if you are a competant driver. California has the best automobile insurance regulation in the nation, with the slowest-growing premiums and one of the most competitive markets in the country.
California drivers have saved $61.8 billion in auto insurance rates since enacting the strongest regulation in the nation, an average of $1670 per Californian. These are great savings.
California is the best among all states in holding down insurance premiums, with a 12.9% increase compared to an average national increase of 50 percent.
Changes to auto insurance rules that will take effect this summer will make sure cheap California auto insurance is available to all but the worst drivers.
The best thing to do is to go to a price compaqrison site and check which is the best deal for you. It's as easy as 1-2-3!
California drivers have saved $61.8 billion in auto insurance rates since enacting the strongest regulation in the nation, an average of $1670 per Californian. These are great savings.
California is the best among all states in holding down insurance premiums, with a 12.9% increase compared to an average national increase of 50 percent.
Changes to auto insurance rules that will take effect this summer will make sure cheap California auto insurance is available to all but the worst drivers.
The best thing to do is to go to a price compaqrison site and check which is the best deal for you. It's as easy as 1-2-3!
Cheap California Auto Insurance Cut By 8%
Cheap California auto insurance will be coming to State Farm's 3.3 million policyholders. Soon, they will see a decrease in their premiums, as the California Department of Insurance approved an 8%, $219 million rate cut.
As the largest California auto insurer, State Farm has 3.3 million auto insurance policies in California, covering 13% of the auto insurance market. Under the newly approved reduced rates, California policyholders will save an average of about $66 per policy per year.
As an example, cheap California auto insurance for State Farm policy holders in Los Angeles County will save a total of $50 million per year under the new rate reduction, with the average L.A. driver saving $75 per year.
State Farm's California Senior Vice President Rand Harbert said, "Our premiums are based on what we calculate we will need in the future to meet the obligations we have to our policyholders. And because our recent experience and trends are favorable, it allows us to pass along those savings to our customers in the form of lower rates."
"We are pleased to be able to help our customers at a time when many people are struggling financially due to the economic challenges we all face," Harbert added.
The effective date for the new rate cut is July 6, 2009. So it looks like cheap California auto insurance is on its way to all. And in this economic climate, its good to have a bit of positive news for a change.
As the largest California auto insurer, State Farm has 3.3 million auto insurance policies in California, covering 13% of the auto insurance market. Under the newly approved reduced rates, California policyholders will save an average of about $66 per policy per year.
As an example, cheap California auto insurance for State Farm policy holders in Los Angeles County will save a total of $50 million per year under the new rate reduction, with the average L.A. driver saving $75 per year.
State Farm's California Senior Vice President Rand Harbert said, "Our premiums are based on what we calculate we will need in the future to meet the obligations we have to our policyholders. And because our recent experience and trends are favorable, it allows us to pass along those savings to our customers in the form of lower rates."
"We are pleased to be able to help our customers at a time when many people are struggling financially due to the economic challenges we all face," Harbert added.
The effective date for the new rate cut is July 6, 2009. So it looks like cheap California auto insurance is on its way to all. And in this economic climate, its good to have a bit of positive news for a change.
Wednesday, 6 May 2009
How To Get The Best Value On Auto Insurance
Do you know how to get cheap California auto insurance? How to get the best value for your insurance dollar?
Most people don't! Let's face it, buying auto insurance can be confusing. Price is vitally important, but so is getting the correct coverage for your needs. Sure, you want cheap California auto insurance but you also want and need top value in your coverage. And this is whether it's for your home, your car, your family or your business. So what's the secret?
Use an independent agent. They give you more choices. Independent agents are not limited to offering insurance products from only one company. They can shop from many different California auto insurers. And, by shopping among many different companies, your independent agent can find the best combination of coverage, price and service. Which will mean cheap California auto insurance but with the right coverage.
And like I said, whilst the price of insurance is important, never shop on that basis of price alone. Real solid value means more than just price. You need insurance that provides the right kind of protection for you and your family. You want an insurance company that's loyal and pays valid claims promptly, not some company that will run off with your hard earned cash.
So do your homework and pick the right coverage. Then get out there, negotiate a good price and get yourself a better deal on your auto insurance.
Most people don't! Let's face it, buying auto insurance can be confusing. Price is vitally important, but so is getting the correct coverage for your needs. Sure, you want cheap California auto insurance but you also want and need top value in your coverage. And this is whether it's for your home, your car, your family or your business. So what's the secret?
Use an independent agent. They give you more choices. Independent agents are not limited to offering insurance products from only one company. They can shop from many different California auto insurers. And, by shopping among many different companies, your independent agent can find the best combination of coverage, price and service. Which will mean cheap California auto insurance but with the right coverage.
And like I said, whilst the price of insurance is important, never shop on that basis of price alone. Real solid value means more than just price. You need insurance that provides the right kind of protection for you and your family. You want an insurance company that's loyal and pays valid claims promptly, not some company that will run off with your hard earned cash.
So do your homework and pick the right coverage. Then get out there, negotiate a good price and get yourself a better deal on your auto insurance.
Friday, 1 May 2009
Chubb Offer Cheap California Auto Insurance
Cheap California auto insurance will soon be available for more drivers as Chubb of Insurance lowers its automobile insurance rates in California by an average of 34%.
Chubb is also rolling out new coverage options that includes raising the high limits of liability protection. This in a state where the number of uninsured and underinsured motorists is among the highest in the nation.
Kurt Morgan, California manager for Chubb Personal Insurance said, "Virtually every Chubb personal auto insurance policyholder in California will realize a rate reduction and will be offered a broader array of coverage options. We anticipate that this action will prompt many more Californians to switch to Chubb's auto insurance, as they already have to our homeowners insurance. The assets and lifestyles of thousands of affluent Californians are at risk because they may be underinsured or underserved by their current auto insurer."
But there will be varying degrees of cheap Californis auto insurance from Chubb. The rate reductions will depend on many factors such as driving record and driver characteristics. This will lead to many drivers enjoying a reduction of nearly 50% but others maybe getting a 10% reduction.
Chubb California Auto Insurance has also taken other steps to help customers save money. It has doubled to 10% its good-driver credit. It has also introduced a companion credit ranging from 10%-20% off the California auto insurance premium for customers who also have a Chubb homeowners policy.
So whatever your circumstances, cheap California auto insurance is now available for many more drivers.
Chubb is also rolling out new coverage options that includes raising the high limits of liability protection. This in a state where the number of uninsured and underinsured motorists is among the highest in the nation.
Kurt Morgan, California manager for Chubb Personal Insurance said, "Virtually every Chubb personal auto insurance policyholder in California will realize a rate reduction and will be offered a broader array of coverage options. We anticipate that this action will prompt many more Californians to switch to Chubb's auto insurance, as they already have to our homeowners insurance. The assets and lifestyles of thousands of affluent Californians are at risk because they may be underinsured or underserved by their current auto insurer."
But there will be varying degrees of cheap Californis auto insurance from Chubb. The rate reductions will depend on many factors such as driving record and driver characteristics. This will lead to many drivers enjoying a reduction of nearly 50% but others maybe getting a 10% reduction.
Chubb California Auto Insurance has also taken other steps to help customers save money. It has doubled to 10% its good-driver credit. It has also introduced a companion credit ranging from 10%-20% off the California auto insurance premium for customers who also have a Chubb homeowners policy.
So whatever your circumstances, cheap California auto insurance is now available for many more drivers.
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